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12th Standard Economics English Medium - Theories of Employment and Income 1 Mark Creative Question Paper and Answer Key 2022 - 2023

Published on: 02/09/2022

QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Economics Subject - Theories of Employment and Income , English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

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Std: 12th Standard - Economics

chapter: - Model Question paper

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Questions:

Multiple Choice Question

15 x 1 = 15

__________ is homogeneous

(a)

Goods

(b)

Product

(c)

Labour

(d)

Money

_________ is only a medium of exchange.

(a)

Money

(b)

Goods

(c)

Labour

(d)

Service

Effective demand equals to ____________

(a)

National income

(b)

Gross income

(c)

Total income

(d)

Net income

___________ was one of the most influential economists of the 20th Century.

(a)

J.B.Say

(b)

Marshall

(c)

John Maynard Keynes

(d)

Adamsmith

Keynes theory of employment and income is the principle of ____________

(a)

Reflective demand

(b)

Market demand

(c)

Effective demand

(d)

Individual demand

Keynes theory of employment and income is the principle of _____________

(a)

long run

(b)

short run

(c)

capital

(d)

production

Total production equals to __________

(a)

total income

(b)

gross income

(c)

net income

(d)

total sales

A person receives his income from ______________

(a)

production

(b)

purchase

(c)

sales

(d)

None of the above

Every economy in the world aims at attaining the level of _________

(a)

Full employment

(b)

Unemployment

(c)

Seasonal unemployment

(d)

Educated unemployment

10.

'Rate of interest is a reward for parting with liquidity' - Its belongs to which theory.

(a)

Keynesianism

(b)

Socialism

(c)

Both 'a' and 'b'

(d)

Classicism

11.

'Demand creates its own supply' - who said this.

(a)

Socialism

(b)

Keynesianism

(c)

Classicism

(d)

Both 'b' and 'c'

12.

Rate of interest is a stock

(a)

Socialism

(b)

Keynesianism

(c)

Classicism

(d)

All the above

13.

Full employment as "that level of employment at which any further increase in spending would resort in an inflationary spiral of wages and prices" who quote this above concept.

(a)

J.M. Keynes

(b)

Lerner

(c)

J.B. Say

(d)

All the above

14.

'Full employments the absence of involuntary unemployment' was said by __________.

(a)

J.B. Say